M Holdings Securities Inc. bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,969 shares of the real estate investment trust’s stock, valued at approximately $491,000.
Several other hedge funds have also recently added to or reduced their stakes in STWD. The Manufacturers Life Insurance Company grew its stake in shares of Starwood Property Trust by 17.4% during the second quarter. The Manufacturers Life Insurance Company now owns 10,738 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,593 shares during the period. Swiss National Bank grew its stake in Starwood Property Trust by 0.8% in the third quarter. Swiss National Bank now owns 435,265 shares of the real estate investment trust’s stock valued at $9,454,000 after acquiring an additional 3,300 shares during the period. Sei Investments Co. grew its stake in Starwood Property Trust by 6.8% in the third quarter. Sei Investments Co. now owns 145,576 shares of the real estate investment trust’s stock valued at $3,162,000 after acquiring an additional 9,235 shares during the period. New York State Common Retirement Fund grew its stake in Starwood Property Trust by 1.7% in the third quarter. New York State Common Retirement Fund now owns 563,500 shares of the real estate investment trust’s stock valued at $12,239,000 after acquiring an additional 9,500 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in Starwood Property Trust by 34.9% in the third quarter. Teacher Retirement System of Texas now owns 466,321 shares of the real estate investment trust’s stock valued at $10,128,000 after acquiring an additional 120,520 shares during the period. Institutional investors own 70.65% of the company’s stock.
Starwood Property Trust, Inc. (NYSE STWD) opened at $21.25 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $5,572.67, a PE ratio of 14.07, a PEG ratio of 2.05 and a beta of 0.35. Starwood Property Trust, Inc. has a 52-week low of $19.47 and a 52-week high of $23.01.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $242.80 million during the quarter, compared to analysts’ expectations of $236.60 million. Starwood Property Trust had a return on equity of 12.57% and a net margin of 45.55%. Starwood Property Trust’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. research analysts anticipate that Starwood Property Trust, Inc. will post 2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.04%. Starwood Property Trust’s dividend payout ratio is currently 127.15%.
A number of research analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Tuesday, November 21st. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.00.
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Starwood Property Trust Company Profile
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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